What does workers compensation cover?
Workers compensation is a form of no-fault insurance provided by the employer for the employee
The employee gives up certain rights to sue in exchange for protection from injuries incurred on the job.
Insurance rates are developed by taking all losses from similar employers and aggregating them. There are approximately 600 classifications of employers in North Carolina and the classification your company falls under will effect the rates your business is eligible for.
We look at such issues as employee selection and training, first aid, medical evaluation, safety promotion, housekeeping and maintenance, material handling and protective clothing and equipment.
If your business employs three or more employees you are required to carry workers compensation insurance in North Carolina.
Workers’ comp ghost policy
What is it?
A workers compensation ghost policy can help self-employed business owners land clients and comply with state laws. Here’s everything you need to know about getting a ghost policy for workers’ comp.
Why is it needed?
A ghost policy is a minimum premium workers’ comp policy for a one-person business. However, the company owner is exempt from the policy, so it doesn’t actually cover anyone. As many individual contractors and solo business owners are normally exempt from workers' comp requirements, this type of policy is designed to help these types of business owners provide a certificate of insurance (COI) when one is required without having to pay for a full workers’ compensation policy.
